TNT denies bid for Britain’s Royal Mail

Dutch postal company TNT on Monday denied it had brought out a bid for parts of Britain’s Royal Mail.

Britain’s Sunday Telegraph newspaper reported investment company CVC Capital Partners had brought out a bid of almost €2.3bn for 30% of Royal Mail.
This was more than TNT hafd offered but less than the British government expected, the paper said.
But a TNT spokesman told Reuters news agency the company had not made a formal offer. ‘We are required to inform our shareholders before bringing out an offer,’ he said. Talks with the British authorities are ongoing, he was reported as saying.

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